Below please find daily updates pertaining to the latest in financial, business, and tax news:
Air Force suspends Booz Allen's San Antonio office
Posted: Wed Feb 08 10:39:49 PST 2012The U.S. Air Force has suspended Booz Allen Hamilton Inc.'s San Antonio, Texas, office and recommended it for debarment, Federal News Radio reported. According to information posted on the Excluded Parties List System, the cause of the proposed debarment stems from a violation of the Federal Acquisition Regulations. According to a Booz Allen statement, the issue involves a former government em...
Plymouth real estate firm seeks bankruptcy protection
Posted: Wed Feb 08 10:39:23 PST 2012Wallen Complex LLC, a Plymouth, Mass.-based real estate company, has filed for Chapter 7 bankruptcy protection, according to U.S. Bankruptcy Court in Boston. The company listed $700,050 in assets with $1.26 million in liabilities. Its creditors include C&M Realty Trust of Plymouth, Randolph Savings Bank, WPB Partners LLC of Richmond, VA., the Internal Revenue Service, the Massachusetts Departm...
Contractor convicted of over-charging Air Force by $300K
Posted: Wed Feb 08 10:39:13 PST 2012Military contractor Charles Priestley, 48, was convicted after admitting he sent a phony bill to the U.S. Air Force for $300,000, Federal News Radio reported. Priestley operated Louisiana-based Hummingbird Aviation and was contracted to build and service helicopters for use in Afghanistan. He was sentenced to five years of probation and must repay the $300,000 to the U.S. Transportation Comman...
Rangers hire accountability partner for Josh Hamiton
Posted: Wed Feb 08 10:39:00 PST 2012The Texas Rangers have hired Shayne Kelley to be a Major League staff assistant and to be outfielder Josh Hamilton's accountability partner. Kelley was a longtime assistant college baseball coach and a former strength coach in the Kansas City Royals organization, the team said. Kelley's hiring comes after Hamilton's second relapse with alcohol use last week at a Dallas pub, and he was recomme...
New long-haul flights coming to Reagan National
Posted: Wed Feb 08 10:38:28 PST 2012Business travelers will soon have eight more chances each day to fly nonstop from Reagan National Airport to western states, though the destination and scheduling of those flights won't likely be known for months. Late Monday, the U.S. Senate renewed funding authorization for the Federal Aviation Administration, ending years of standoffs and stalemates on a variety of issues. The bill was a li...
Interior Department attempts move to cloud for second time
Posted: Wed Feb 08 10:38:21 PST 2012The Interior Department released a request for proposals Tuesday detailing a desire to move its email and collaboration services to the cloud for the second time, Federal News Radio reported. The first time the department tried to award a contract for cloud email, it got tied up in a protest pitting Google Inc. against Microsoft Corp. Interior awarded a $59 million contract to SoftChoice, whic...
QinetiQ names new Mission and Information Solutions exec
Posted: Wed Feb 08 10:37:40 PST 2012QinetiQ North America Inc. has named John Sutton general manager and executive vice president of its Mission and Information Solutions business unit, Washington Technology reported. Sutton will be responsible for revenue and profit generation, customer satisfaction, and employee health and welfare for the business unit. ...
Accenture names former government execs to federal advisory board
Posted: Wed Feb 08 10:37:18 PST 2012Accenture has named a group of former government officials to its newly formed federal advisory board, which will provide Accenture Federal Services with perspectives on the market, industry trends and business strategies, Washington Technology reported. Members of the board are Ret. Marine Corps Gen. James Cartwright, former Department of Homeland Security secretary Michael Chertoff, former U...
Xerox layoffs hit Wilsonville
Posted: Wed Feb 08 10:36:58 PST 2012Xerox Corp. on Wednesday is laying off workers at its Wilsonville campus as part of a previously announced corporate restructuring. Erin Isselmann, a spokeswoman in Wilsonville for the Norwalk, Conn.-based company (NYSE: XRX), declined to say the exact number of layoffs, though she said the job cuts are companywide and small ?relative to our 140,000 global employees.? Xerox reported paying $6...
GSA gives agencies cloud security marching orders
Posted: Wed Feb 08 10:36:38 PST 2012The General Services Administration on Tuesday released marching orders for a new cloud certification program, which is intended to offer agencies and their contractors step-by-step instructions for proceeding with the mandatory authorizations that are slated to start in June, Nextgov reported. The Federal Risk and Authorization Management Program, or FedRAMP, is envisioned as a sort of factor...
Sensient Technologies Increases Sales but Misses Revenue Estimates
Posted: Wed Feb 08 10:53:02 PST 2012Just the facts, Fool. ...
HNI Beats Analyst Estimates on EPS
Posted: Wed Feb 08 10:51:19 PST 2012Just the facts, Fool. ...
Post Properties Beats Up on Analysts Yet Again
Posted: Wed Feb 08 10:50:57 PST 2012Just the facts, Fool. ...
Market Correlation: From Record Highs to the Lowest in 25 Years
Posted: Wed Feb 08 10:50:45 PST 2012The "smart money" thinks these potentially undervalued and low risk stocks have more value to cash in. Do you agree? ...
Higher One Whiffs on Revenue
Posted: Wed Feb 08 10:47:36 PST 2012Just the facts, Fool. ...
Ultimate Software Group Hits Estimates in Solid Quarter
Posted: Wed Feb 08 10:46:53 PST 2012Just the facts, Fool. ...
ValueClick Beats Up on Analysts Yet Again
Posted: Wed Feb 08 10:41:38 PST 2012Just the facts, Fool. ...
Solera Holdings Meets on the Top Line, Misses Where It Counts
Posted: Wed Feb 08 10:37:14 PST 2012Just the facts, Fool. ...
Will Activision Blizzard Sink or Swim?
Posted: Wed Feb 08 10:36:35 PST 2012Activision reports fourth quarter earnings tomorrow. ...
Apollo Investment Shares Plunged: What You Need to Know
Posted: Wed Feb 08 10:35:52 PST 2012Is this meaningful or just another movement? ...
